William E. Greehey Acquires 43,101 Shares of Nustar Energy L.P. (NS) Stock
Nustar Energy L.P. (NYSE:NS) Director William E. Greehey acquired 43,101 shares of the business’s stock in a transaction dated Thursday, August 24th. The shares were bought at an average cost of $38.69 per share, for a total transaction of $1,667,577.69. Following the transaction, the director now directly owns 3,497,763 shares of the company’s stock, valued at approximately $135,328,450.47. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Nustar Energy L.P. (NS) opened at 39.15 on Wednesday. Nustar Energy L.P. has a one year low of $37.30 and a one year high of $55.64. The firm’s 50 day moving average price is $43.14 and its 200 day moving average price is $47.32. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 53.78 and a beta of 1.38.
Nustar Energy L.P. (NYSE:NS) last released its quarterly earnings data on Friday, July 28th. The pipeline company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by $0.28. The business had revenue of $435.49 million for the quarter, compared to the consensus estimate of $500.83 million. Nustar Energy L.P. had a return on equity of 8.11% and a net margin of 6.77%. Nustar Energy L.P.’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 earnings per share. Equities analysts forecast that Nustar Energy L.P. will post $1.19 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Monday, August 7th were issued a dividend of $1.095 per share. This represents a $4.38 dividend on an annualized basis and a dividend yield of 11.19%. The ex-dividend date was Thursday, August 3rd. Nustar Energy L.P.’s payout ratio is 608.33%.
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NS has been the topic of a number of recent research reports. UBS AG reaffirmed a “buy” rating and set a $53.00 price objective (down previously from $56.00) on shares of Nustar Energy L.P. in a research report on Monday, July 31st. Stifel Nicolaus reissued a “hold” rating and issued a $46.00 target price on shares of Nustar Energy L.P. in a report on Thursday, August 3rd. Zacks Investment Research raised Nustar Energy L.P. from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 19th. Wells Fargo & Company lowered Nustar Energy L.P. from an “outperform” rating to a “market perform” rating in a report on Monday, July 17th. Finally, BidaskClub lowered Nustar Energy L.P. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $51.00.
Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in Nustar Energy L.P. by 2.6% in the first quarter. SG Americas Securities LLC now owns 55,060 shares of the pipeline company’s stock worth $2,862,000 after buying an additional 1,418 shares during the last quarter. Morgan Stanley increased its position in Nustar Energy L.P. by 10.5% in the first quarter. Morgan Stanley now owns 1,922,620 shares of the pipeline company’s stock worth $99,938,000 after buying an additional 182,223 shares during the last quarter. Clinton Group Inc. acquired a new position in Nustar Energy L.P. during the first quarter worth approximately $869,000. Kayne Anderson Capital Advisors LP increased its position in Nustar Energy L.P. by 72.4% in the second quarter. Kayne Anderson Capital Advisors LP now owns 958,200 shares of the pipeline company’s stock worth $44,675,000 after buying an additional 402,500 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its position in Nustar Energy L.P. by 49.5% in the first quarter. Chicago Partners Investment Group LLC now owns 5,437 shares of the pipeline company’s stock worth $283,000 after buying an additional 1,800 shares during the last quarter. 56.73% of the stock is owned by institutional investors.
About Nustar Energy L.P.
NuStar Energy L.P. is engaged in the transportation of petroleum products and anhydrous ammonia; the terminalling and storage of petroleum products, and the marketing of petroleum products. The Company’s segments include pipeline, storage and fuels marketing. The pipeline segment consists of the transportation of refined petroleum products, crude oil and anhydrous ammonia.
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